Buy Silver Dec 2022 @ 58200 SL 57600 TGT 59200-60000.MCX - Kedia Advisory
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SILVER
Silver trading range for the day is 57169-60427.
Silver gains on hopes the US Federal Reserve could slow down the pace of interest rate increases soon to avoid overtightening
Investors are now almost certain that the US central bank will deliver a fourth-straight 75 bps rate hike on November.
The accompanying policy statement and Fed Powell's news conference may provide additional clues regarding the likelihood of a pivot by the U.S. central bank.
Global factory output weakened in October as widespread recession fears, high inflation and China's zero-COVID policy hurt demand
BUY SILVER DEC 2022 @ 58200 SL 57600 TGT 59200-60000.MCX
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